ENA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0145%/8h= −15.9% APRnext payment −$0.18 per $10,000 · paid last 24h +0.059%

Price spread now: Arcus against Kraken Futures−0.123%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on Kraken Futures Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.158%−$16 on $10k

Price spread, last 4 days (all we have)−0.485%−$49 · spread now −0.123%, 7d avg −0.042%

Together, before fees−0.643%−$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Arcus is 0.082% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENAUSD	0.2093	0.0245	pay 0.0031% / 1h	38m 43s	$2.6M	$4.2M	50x
Short	Arcus ENA-USD	0.2090	0.0100	get 0.0013% / 1h	38m 43s	$77K	$275K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ArcusbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$30.49
Price spread: −0.123% → −0.042%: −$8.15
Slippage, 4 orders: −$44.25
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$97.4
Costs to cover: 0.588%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Arcus: live order book, 20 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 5 min ago	8.57 bp	19.4 bp −$19	27.6 bp −$276	90.8 bp −$9,079	doesn't fit
Sell Arcus live order book, 20 min ago	9.48 bp	12.5 bp −$12	26.6 bp −$266	doesn't fit	doesn't fit

ENA on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack ENA_USDC_PERP	−0.0297%	1h	0.2092	−0.023%	$363K	$390K	5x	as long as short
01 Exchange ENAUSD	−0.0104%	1h	0.2093	+0.010%	$4K	$302	10x	as long as short
Orderly PERP_ENA_USDC	−0.0065%	4h	0.2092	−0.047%	$43K	$25K	10x	as long as short
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2092	−0.047%	$78K	$1.2M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2092	−0.005%	$81K	—	150x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	+1.473%	$522	$57K	5.5x	as long as short
Phoenix ENA	+0.0076%	1h	0.2104	+0.546%	$8K	$266K	10x	as long as short
Lighter ENA	+0.0096%	1h	0.2095	+0.116%	$5.2M	$13.4M	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2091	−0.076%	$55K	$503K	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2094	+0.045%	$47K	$110	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado ENA-PERP	+0.0100%	1h	0.2092	−0.042%	$659K	$1.7M	10x	as long as short
Hyperliquid ENA	+0.0100%	1h	0.2094	+0.092%	$111.4M	$73.1M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2094	+0.082%	$1.5M	$2.9M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2093	+0.040%	$408K	$499K	10x	as long as short
Binance ENAUSDT	+0.0100%	4h	0.2094	+0.044%	$127.6M	$415.8M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2093	+0.020%	$84.9M	$175.8M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2094	+0.087%	$20.8M	$102.0M	50x	as long as short
Ondo Perps ENA-USD.P	+0.0100%	1h	0.2102	+0.455%	$20K	$313K	5x	as long as short
Arcus ENA-USDshort	+0.0100%	1h	0.2090	−0.123%	$77K	$275K	10x
Bulk ENA-USD	+0.0100%	1h	0.2098	+0.249%	$92K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2093	+0.006%	$11.0M	$21.8M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2094	+0.044%	$45.6M	$41.2M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2094	+0.082%	$24.5M	$15.6M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2093	+0.025%	$47.7M	$57.5M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2095	+0.106%	—	$6.5M	—	as long as short
Variational Omni ENA	+0.0100%	4h	0.2097	+0.200%	$3.1M	$10.1M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2097	+0.211%	$242K	$6.9M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2098	+0.259%	$353K	$5.0M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2098	+0.259%	$20K	$646K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2092	−0.028%	$177K	$2.3M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2042	−2.403%	$1K	$845K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2091	−0.076%	$4K	$7K	10x	as long as short
HTX ENA-USDT	+0.0100%	4h	0.2099	+0.302%	$271K	$794K	50x	as long as short
Phemex ENAUSDT	+0.0100%	4h	0.2092	−0.028%	$1.7M	$8.8M	50x	as long as short
Extended ENA-USD	+0.0104%	1h	0.2094	+0.062%	$1.6M	$4.1M	50x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2092	−0.052%	$73K	$4K	3x	as long as short
dYdX ENA-USD	+0.0108%	1h	0.2092	−0.007%	$138K	$15K	5x	as long as short
Kraken Futures PF_ENAUSDlong	+0.0245%	1h	0.2093	long leg	$2.6M	$4.2M	50x
GMX ENA/USD [ETH-USDC]	L +0.0253% / S −0.0213%	1h	0.2093	+0.024%	$51K	—	100x	as long as short
BloFin ENA-USDT	+0.0340%	4h	0.2093	+0.030%	$5.5M	$3.0M	75x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2091	−0.090%	$1K	$5K	15x	as long as short
Coinbase International ENA-PERP-INTX	+0.0632%	1h	0.2106	+0.646%	$858K	$1.5M	50x	as long as short